First Trust Exchange Traded Fund VIII - First Trust Flexible Income ETF
FCTFinancial Services · Stock · monthly payer
Forward Yield
11.90%
Annual Dividend
$1.15
Payout Ratio
179%
5-Yr Growth
1.1%
Ex-Date
Jul 1, 2026
Frequency
Monthly
Summary
As of August 2026, First Trust Exchange Traded Fund VIII - First Trust Flexible Income ETF (FCT) yields 11.90% ($1.15 per share annually), with a blended fair-value estimate of $17.44 — +80% upside, so it screens as undervalued. Dividend safety grade: C (58/100).
Is FCT a good dividend stock?
Yes, with caveatsFirst Trust Exchange Traded Fund VIII - First Trust Flexible Income ETF (FCT) pays a monthly dividend yielding 11.90% ($1.15/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2022
- Elevated payout ratio (179%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 11.90%
- Payout Ratio
- 179%
- Annual Dividend
- $1.15
- 5-Yr Avg Growth
- 1.1%
- Ex-Dividend Date
- Jul 1, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.30
- Market Cap
- —
- P/E Ratio
- 22.0
- 5-Yr Total Return
- -21%
- 52-Week Range
- $9.40 – $10.22
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
FCT Price — Last 12 Months
Daily close
Price Return
1 Year
-3%
3 Years
-3%
5 Years
-21%
52-Week Range
$9.40 – $10.22
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FCT worth?
Undervaluedlow confidenceOur blended fair-value estimate for First Trust Exchange Traded Fund VIII - First Trust Flexible Income ETF is $17.44 per share, versus a market price of $9.67. That implies 80% of upside — a margin of safety of about 45%.
Fair Value
$17.44
Current Price
$9.67
Upside
+80%
Margin of Safety
45%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 7.0% discount rate (CAPM), 3.2% stage-1 growth, 2.5% terminal growth, $0.44 EPS, $1.15 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FCT Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 1, 2026 | — | $0.0810 | regular |
| Jul 1, 2026 | — | $0.0813 | regular |
| Jun 1, 2026 | — | $0.0970 | regular |
| May 1, 2026 | — | $0.0970 | regular |
| Apr 1, 2026 | — | $0.0970 | regular |
| Mar 2, 2026 | — | $0.0970 | regular |
| Feb 2, 2026 | — | $0.0970 | regular |
| Jan 2, 2026 | — | $0.0970 | regular |
| Dec 1, 2025 | — | $0.0970 | regular |
| Nov 3, 2025 | — | $0.0970 | regular |
| Oct 1, 2025 | — | $0.0970 | regular |
| Sep 2, 2025 | — | $0.0970 | regular |
| Aug 1, 2025 | — | $0.0970 | regular |
| Jul 1, 2025 | — | $0.0970 | regular |
Income Calculator
At $1.15 / yr per share
